The principal that gives Rs. 1663200 interest in 9 years at 14% SI is MCQ with Answer and Explanation

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The principal that gives Rs. 1663200 interest in 9 years at 14% SI is

A. Rs. 1318000

B. Rs. 1320000

C. Rs. 1321000

D. Rs. 1319000

Answer: Option B

Solution (By JKExamLibrary)

P = (1663200 × 100)/(14 × 9) = 1320000.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 3870000 amounts to Rs. 5418000 in 4 years at simple interest. The rate is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 1548000. R = (1548000 × 100)/(3870000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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In how many years will Rs. 4086000 amount to Rs. 5720400 at 8% simple interest?

A. 7 years

B. 6 years

C. 5 years

D. 4 years

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Correct Answer: Option C

Explanation:
SI = 1634400. T = (1634400 × 100)/(4086000 × 8) = 5 years.

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Question #3

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A sum of Rs. 48000 amounts to Rs. 67200 in 5 years at simple interest. The rate is

A. 10%

B. 6%

C. 8%

D. 9%

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Correct Answer: Option C

Explanation:
SI = 19200. R = (19200 × 100)/(48000 × 5) = 8%.

This question belongs to: Maths Simple Interest

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